it is urgent please help me...
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creativevishnu4:
Is it simple or compound interest
I am in 5th standard ant I am doing first time percentage
is my answer correct
Answers
Answered by
1
Answer:
6720
Step-by-step explanation:
p = 4800
t= 5 yrs
r = 8%
I = p*t*r/100
=4800*5*8/100=1920
amount = 4800+1920=6720
Principal is not 4,800 but it is 48,000
It is wrong.
okk
Sorry
Please change it
No problem
sorry my mistake
it is 48000
it's okk
Answered by
1
Now i am doing it by considering that the bank is offering simple interest.
Simple interest = ptr/100
= 48000*5*8/100
= 480*40 = 19200 rupees.
Amount after 5 years = principal + simple interest = 48000 + 19200 = 67200 rupees
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